The yuan is expected to extend..........>

CHINA PRESS: The yuan is expected to extend two-way fluctuations in the short

term and now is a good time for the range of exchange-rate movements to

increase, the China Securities Journal said Tuesday. As China's economic

fundamentals and cross-border capital flows improve - and demand and supply in

the foreign-exchange market is balanced - the yuan may continue two-way

fluctuations: which shows the trend of the yuan will likely be to appreciate

against the U.S. dollar, the newspaper said. The yuan won't continue to be

steady as it is now, unidentified analysts said in the report. While the

People's Bank of China has taken measures to stabilize the exchange rate,

marketization hasn't changed. The measures, including current pricing schemes,

are temporary tools providing a buffer period to allow time for the market to

adjust to increases in exchange-rate flexibility. But depreciation pressure on

the yuan continues, the newspaper said. (China Securities Journal)